Italy GDP Growth Rate

Italy's economy grew 0.2 percent on quarter in the first three months of 2019, emerging from its third recession in a decade and beating market expectations of a 0.1 percent expansion, the advance estimate showed. Industry, services and agriculture all contributed to the increase in activity. Year-on-year, the GDP rose 0.1 percent, after being unchanged in the previous period and also beating forecasts of a 0.1 percent contraction. GDP Growth Rate in Italy averaged 0.59 percent from 1960 until 2019, reaching an all time high of 6 percent in the first quarter of 1970 and a record low of -2.70 percent in the first quarter of 2009.

GDP Growth Rate in Italy is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Italy to stand at 0.30 in 12 months time. In the long-term, the Italy GDP Growth Rate is projected to trend around 0.60 percent in 2020, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

Italy Returns to Growth in Q1

Italy's economy grew 0.2 percent on quarter in the first three months of 2019, emerging from its third recession in a decade and beating market expectations of a 0.1 percent expansion, the advance estimate showed.

From the demand side, net exports contributed positively to the GDP growth, while domestic demand, including gross of change in inventories, had a negative contribution.

From the production side, industry, services and agriculture all contributed to the increase in activity.

Year-on-year, the GDP rose 0.1 percent, after being unchanged in the previous period and also beating forecasts of a 0.1 percent contraction.

Italian Economic Recession Confirmed in Q4
Italy's economy shrank 0.1 percent on quarter in the last three months of 2018, the same as in the previous period and slightly above the 0.2 percent contraction previously estimated. Still, it was the second straight quarter of GDP decline, throwing the country into recession for the third time in a decade.Published on 2019-03-05

Italy Economy Shrinks for 2nd Quarter by 0.2% in Q4
The Italian economy shrank by 0.2 percent on quarter in the three months to December of 2018, following a 0.1 percent contraction in the previous period and slightly more than market expectations of a 0.1 percent decrease, preliminary estimates showed. It was the second consecutive quarter of contraction, throwing the country into recession.Published on 2019-01-31

Italy Economy Contracts For 1st Time Since 2014
The Italian economy unexpectedly shrank 0.1 percent quarter-on-quarter in the third quarter of 2018, folllowing a 0.2 percent growth in the previous period, the final estimated showed. It was the first contraction since the second quarter of 2014.Published on 2018-11-30

Italy Economy Stalls for the First Time Since 2014
The Italian economy showed no growth in the third quarter of 2018, following a 0.2 percent expansion in the previous period and below market expectations of a 0.1 percent growth, the preliminary estimate showed. It was the weakest performance since the last quarter of 2014 when the GDP also stagnated.Published on 2018-10-30

Italy GDP Growth Rate

Italy is the ninth largest economy in the world and the third largest in the Euro Zone. The country has a diversified industrial base driven in large part by manufacturing of high-quality consumer goods. Composition of the GDP on the expenditure side: household consumption (61 percent), government expenditure (19 percent) and gross fixed capital formation (17 percent). Exports of goods and services account for 30 percent of GDP while imports for 27 percent, adding 3 percent to total GDP. This page provides - Italy GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Italy GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.